FAQ

have questions ?

In this section, we bring answers to the most frequently asked questions about WAX. If you have a question, the answer is here. If you don’t find the answer you need, you can ask your question in our contact page and we will provide you with an answer at our earliest convenience.

WAX is a decentralized platform that enables anyone to operate a fully functioning virtual marketplace with zero investment in security, infrastructure, or payment processing. Developed by the founders of OPSkins, the world’s leading marketplace for online video game assets, WAX is designed to serve the 400+ million online players who already collect, buy and sell in-game items.

OPSkins is the world’s largest marketplace for buying and selling digital items. They are an e-commerce leader in eSports digital merchandise. They were the first to offer comprehensive digital escrow services and multi-currency payment options to millions of digital item collectors and traders in over 150 countries.

WAX will be a digital, decentralised exchange for all goods in the future. Much like how Amazon started with books, WAX is starting with the biggest audience that is ready to adopt and drive the business.

The WAX custom blockchain and protocol token will be using a variant of EOS combined with numerous custom features and functions to support the unique requirements of WAX. This doesn’t mean that WAX is a token built on EOS. WAX will have its own independent network. The WAX chain tokens will be airdropped to the WAX ERC20 holders.

NFTs (Non-Fungible Tokens) are unique and distinguishable tokens, mostly implemented on the Ethereum blockchain, which have individual traits and identities. The most common NFTs are ERC721 and now ERC1155 Tokens.